secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001628280-25-004441
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Iridium approves 2025 Performance Bonus Plan with executive target percentages
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- CEO Desch target bonus 100% of base salary; COO McBride 80%, CFO O'Neill 65%, EVP Scheimreif 65%.
- Bonus based on Operational EBITDA, strategic goals, and network/quality metrics.
- First 60% of target paid in RSUs granted March 1, 2025, vesting March 2026 on performance.
- Excess portion paid in cash by March 15, 2026; maximum total payout 200% of target.
- Bonuses subject to recoupment under Company's Incentive Compensation Recoupment Policy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000162828025004441/0001628280-25-004441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000162828025004441/irdm-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-004441

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